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to overtown the punishment facing overtown the punishment facing penn state after the scandal.ye. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the wer of the "name your price" tool. only from progressive. >>gregg: the governor of pennsylvania is accusing the ncaa of illegally penalizing penn state over the sex abuse scandal fining the university $60 million after an independent report found top officials ignored abuse allegations against the football coach jerry sandusky who now is in prison after a jury convicted him of sexually abusing ten young boys. in some cases the abuse happened on the penn state campus. but the governor of pennsylvania says the fine and other punishments like a bowl ban and the deletion of wins from 1998 to 2011, punish the wrong people. >> these sanctions did not punish sandusky. nor did they punish the others who have been criminally charged. rather, they pun
of pennsylvania suing the ncaa for penalties it imposed on penn state for the child sex abuse scandal. details next. plus, a homeowner catches a thief stealing stuff from his house by spotting him from an airplane. that's ahead on "the fox report." >> pennsylvania governor tom corbett suing the ncaa for what he calls harsh sanctions against penn state. following the school's child rape sandal scandal. the ncaa fines the university $60 million after a report found top officials basically ignored abuse accusations against former football coach jerry sandusky. a jury convicted him of sexually abusing boys for 10 years. some of that happened at penn state athletic facilities. a judge sentenced sandusky to 30 to 60 years in prison. the ncaa also banned the football team for from bowl games for the next four years and took away its wins from 1998 to 2011. governor corbett claims the ncaa had no business imposing those punishments. his lawsuit aims to pull 00 the penalties. penn state has already paid $12 million of that fine. jonathan hunt live in our new york newsroom now. the governor was highly c
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developments in the penn state scandal, why the pennsylvania governor is taking the ncaa to court and why state and federal lawmakers are backing him up. bill: we've been told that al-qaida shinmoedake on its heels, the president said that. apparently they didn't get the bounty. the chilling new threat against one of our diplomats serving overseas. bill: there's been a lot of indecision in washington during the month of december. now that the dole has been cut the markets react. big move on monday during new year's eve and a big move today. markets were closerred yesterday. we are waiting on this. that is the first reaction from investors up 263, on the dow 30. if your 401k is loaded up, it's got a little more fire power today. watching that 263 the up side already. arthel: bill, chilling developments in the middle east, we are are tracking new reports that al-qaida is now offering a bounty for the murder of the u.s. ambassador to yemen. pete peter doocy is live. >> reporter: al-qaida in the arabian peninsula says they award anyone who a nass natures with three kilos of gold. that in english tr
governor tom corbett says that the punishment stemming from the penn state child rape scandal are, quote, illegal and he says is he going to sue. the issue here is how the ncaa plans to spend the $60 million it find the university. a jury convicted former football coach jerry sandusky for abusing a number of young boys over a long time. in some cases the abuse happened at penn state athletic facilities. the ncaa slapping the school with a record fine and banning the football team from bowl games for four years, among other things. governor corbett reportedly filed the lawsuit after the ncaa announced that only about a quarter of the $60 million fined will be used for sexual abuse prevention in the state of pennsylvania. children who survived the deadly school shooting in newtown, connect did you connect are set to return on thursday. they will not be heading to sandy hook elementary school where the gunman opened fire a middle school school building with 60 miles await a minute we are learning the crews have literally recreated the classrooms from sandy hook with the same pictures on the
mccall is the president of penn financial group. he jones us now live. how serious is this? >> it is extremely serious, gregg. we're seeing numbers backdating going back to november. what we haven't seen yet, we won't see until january the effect of the uncertainty of fiscal cliff and potential of falling off the fiscal cliff will have on the economy and have on consumers and potentially lead us back into as you mentioned what a lot of economists believe, another recession. gregg: what happens when fourth quarter earnings come out? >> nobody is really talking about this. companies, fourth quarter ends in a few days from now. we haven't had many warnings come from companies but when you see consumer confidence falling, mastercard came out with their numbers on holiday sales only increasing .7%. well below estimates and historical averages and consumer is 70% of the economy we'll see a wave of corporations come out earnings in middle of january, end of january, come out much lower than expectations. as senator corker talked about today, the markets have held up very well thro
. matt mccall is president of penn financial group llc. the irs is today notifying employers on how much they will have to withhold from their employees' checks. let's go through each and every one of these tax increases if there is no deal, and we dive off the cliff. let's begin with the first one. marginal income tax rates ric rice for nearly everybody in america. >> over 90% of americans will be hit with higher taxes, and everybody talks about the wealthy getting hit the hardest. what i find fascinating is two-thirds of americans that make less than $20,000 a year will get hit with higher tax rates which will equal a gain of close to $600 more per year in taxes. if you're making let's say $18,000 you could get hit with $600 more in taxes. it doesn't sound like a lot to a lot of people but that takes a huge chunk out of putting food on the table and getting clothes for your children. it's a big deal. gregg: estate taxes will rice from 35% on 5 million or more to 55% on 1 million or more. >> you know this really affects a lot of people in the middle of america who have farms. if you hav
of sexual abuse. former penn state assistant coach jerry sandusky sentenced to at least 30 years behind bars for sexually abusing young boys. the late -- [inaudible] of the bbc accused of abusing girls he helped with his tv show, and the secret service gone wild as a dozen agents are implicated for hiring prostitutes during a presidential trip to colombia. a difficult year for business leaders as well. >> we made a mistake, i'm absolutely responsible -- in the chief executive of barclays steps down after allegedly manipulating interest rates. and a yahoo ceo resigning for falsifying academic credentials. but what could be more scandalous than the world of politics? jesse jackson jr. goes mia for several months, it's later discovered he's receiving treatment for bipolar depression. federal authorities are looking into whether jackson jr. was skimming campaign funds to remodel his house. the congressman later resigned. a beleaguered gsa accused of wasting your tax dollars, this worker raps about how he dreams of being the commissioner and wasting the government's money on cash bonuses to his f
? >> reporter: 2012, one of the most infamous cases of sexual abuse. former penn state assistant coach jerry sandusky sentenced to at least 30 years behind bars for sexually abusing young boys. the pbc accused of abusing girls, and the secret service gone wild as a dozen agents are implicated for hiring prostitutes during a presidential trip to colombia. a difficult year for business leaders as well. >> we made a mistake. i'm absolutely responsible. >> reporter: the chief executive of barclays, bob diamond, steps down after allegedly manipulating interest rates. and a yahoo! ceo' signing for -- resigning for falsifying academic credentials. but what could be more scandalous than the world of politics? jesse jackson jr. goes mia for several months, it's later discovered he's receiving treatment for bipolar depression. federal authorities are looking into whether jackson jr. was skimming campaign funds to remodel his house. the congressman later resigned. a beleaguered gsa accused of wasting your tax dollars, this worker raps about how he dreams of being the commissioner and wasting the govern
Search Results 0 to 8 of about 9